again depends on what your goals are for it. If you agree with
my weekly and monthly chart and think the last 2 month correction
was simply a pullback in the bull market, then you'd probably just
hold it thinking it will take out the June highs eventually. If you
bought it for a trade, well that's different. Short term there
wasn't really a stock pattern like a wedge or flag or coil etc (was
simply a 200 day MA pullback reversal ), so hard to give a short
term target. This rally off the lows has broken symmetry so I'd
look for it to form a higher low again on the next pullback
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
sorry - URA
Posted by psider on 31st of Aug 2021 at 03:01 pm
sorry - URA
again depends on what your
Posted by matt on 31st of Aug 2021 at 03:29 pm
again depends on what your goals are for it. If you agree with my weekly and monthly chart and think the last 2 month correction was simply a pullback in the bull market, then you'd probably just hold it thinking it will take out the June highs eventually. If you bought it for a trade, well that's different. Short term there wasn't really a stock pattern like a wedge or flag or coil etc (was simply a 200 day MA pullback reversal ), so hard to give a short term target. This rally off the lows has broken symmetry so I'd look for it to form a higher low again on the next pullback